Why Veeva Systems Shares Are Moving Higher Thursday
Portfolio Pulse from Erica Kollmann
Veeva Systems (NYSE:VEEV) shares are trading higher after beating earnings expectations and raising its financial guidance for fiscal year 2024. The company reported Q1 EPS of 91 cents, beating the estimated 79 cents, and sales of $526.33 million, above the projected $515.81 million. Several analysts raised price targets following the results.
June 01, 2023 | 5:45 pm
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Veeva Systems shares are up after beating Q1 earnings expectations and raising FY2024 financial guidance. Analysts have raised price targets following the results.
Veeva Systems reported better-than-expected Q1 earnings and raised its financial guidance for FY2024, which has led to a positive market reaction and analysts raising their price targets. This indicates a strong short-term impact on the stock price, as investors are likely to view the company's performance and outlook positively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100